Which of the Following Is True of Local Union Democracy

question 64

Multiple Choice

Which of the following is true of local union democracy?

• A) It is manifested in the way factions combine into coalitions around certain issues.
• B) It is the lowest in newer,small locals.
• C) Meetings to ratify contracts,discuss contract demands,and elect officers have the lowest attendance rates in a local union democracy.
• D) Smaller locals and those whose members are higher skilled have lower attendances.

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Definitions:

Real GDP

Real GDP, or Gross Domestic Product adjusted for inflation, measures the value of all final goods and services produced within a country in a given period, accounting for changes in price level.

Classical Economists

Economists of the late 18th and 19th centuries who believed in free markets, minimal government intervention, and the importance of competition.

Aggregate Demand

This term refers to the total amount of goods and services demanded in the economy at a given overall price level and in a given time period.

Laissez Faire

An economic policy or attitude of letting markets operate without government interference or regulation.